“The U.S. economy’s expansion slowed in the fourth
quarter, and annual growth failed to reach 3% for an 11th straight year,
reflecting the huge hurdles the Trump administration faces in trying to speed
up a 7½-year-old expansion. Gross domestic product, the official score card for
the economy, expanded at a 1.9% annual clip from October to December…” Story
at…
DURABLE GOODS ORDERS (Fox Business)
“Demand for long-lasting manufactured goods declined in
December, a reflection of a large drop in defense-related orders and only
modest demand for other products.
Orders for durable goods--products designed to last
longer than three years, such as machinery or minivans -- fell 0.4% from a
month earlier…” Story at…
MICHIGAN SENTIMENT (RTT News)
“Consumer sentiment in the U.S. unexpectedly improved to
its best level in thirteen years in the month of January, according to a report
released by the University of Michigan on Friday. The University of Michigan
said its consumer sentiment index for January was upwardly revised to 98.5…”
Story at…
MARKET COMMENTARY
It’s a busy day today so I’ll post detailed analysis
later this weekend. As of 3:15 PM
indicators improved a little Friday and Market Internals were positive on the
markets. (If the S&P 500 falls late in the day, Market Internals would
probably be neutral.)
The low VIX remains a concern as do Bollinger Bands that
are suggesting a reversal to the downside.
